By Víctor Rodríguez Velázquez | Center for Investigative Journalism Far from slowing the pace of construction on Puerto Rico’s coasts to address climate change, as experts have requested, Gov. Pedro Pierluisi’s administration hit the accelerator to approve construction permits along the coasts. During his first year in office, and well into the pandemic, approval of […]
As the new year begins and faced with the uncertainty caused by the current local and global situation, the Center for a New Economy (CNE) has taken a look at what 2022 has in store. In the January edition of the CNE Review, which circulates today, its editor, Sergio M. Marxuach, addresses issues that will […]
Hyatt Hotels Corp. announced plans to expand and refurbish 83 guest suites at its Hyatt Regency Grand Reserve Puerto Rico property in Río Grande, a project to be completed this year. The hotel chain did not disclose the investment attached to the improvements, in response to questions from News is my Business. “However, Hyatt continues […]
The Puerto Rico Energy Bureau will hold the second technical workshop related to the establishment of infrastructure, billing processes, and regulations for the charging and recharging of electric vehicles on the island. The workshop will take place today, from 2 p.m. to 5 p.m. and may be seen HERE. “As we established last November, we […]
The Maritime Transportation Authority (ATM, in Spanish) and HMS Ferries, in alliance with the mayors of the island municipalities of Vieques and Culebra announced a new consolidated ticket exchange and refund policy for the Puerto Rico Ferry that can allow their vessels to operate at full capacity. This policy states that from now on: Passenger-only […]
Puerto Rico’s restaurant industry took a $398 million hit in sales during 2020, when COVID-19 restrictions were in full force, reaching $1.6 billion, a report released by Puerto Rico Restaurants Association (ASORE, in Spanish) showed. The 2020 results were 20% down from the $1.9 billion reported for 2019. The study also showed that in the […]
The Financial Stability Index for the Credit Union Industry in Puerto Rico, prepared by Estudios Técnicos Inc. (ETI), shows that conditions in this industry continued to improve in the third quarter of 2021. Economist Leslie Adames, director of ETI’S Economic Analysis and Policy Division, said “the index increased from 0.49 in the third quarter of […]
It’s written on the digital wall: Most major telecom companies are phasing out third-generation networks by February 2022. Network providers are shutting off 3G to repurpose the finite spectrum or the airwaves allotted by the Federal Communications Commission to send wireless signals. This means cell phones that rely solely on a 3G connection are most likely to end […]
Urban Edge Properties announced the upcoming opening of the first Texas Roadhouse restaurant in Puerto Rico, to be located at the Outlets at Montehiedra. The aim is to open the first eatery in mid-2023 and another three locations in coming years, the company stated. The 6,400 square-foot Texas Roadhouse location will employ 150 people, and […]
Puerto Rico’s seasonally adjusted unemployment rate was estimated at 7.5% in December 2021, representing a decrease of 0.3 percentage points when compared to November 2021, and 9.2% when compared to December 2020, dropping 1.7 percentage points. The Puerto Rico Labor Department published the most recent study that identifies people who are fit and available to […]
Grupo Guayacán and Liberty Foundation have kicked off 2022 with an open call seeking entrepreneurs interested in participating in ‘Conectando tu negocio al éxito,’ their new entrepreneurial training program, which will offer mentoring and financial aid to start-up companies throughout the island. This program seeks to promote the innovation and growth of Puerto Rican entrepreneurship […]
The U.S. Environmental Protection Agency announced a settlement between the United States and To Go Stores, LLC., that will resolve alleged violations of federal environmental laws at 15 gas stations in Puerto Rico. The company will pay a $125,000 civil penalty as part of the agreement. Underground storage tanks owned and/or operated by To Go […]
About 275 public housing complexes representing more than 4,600 facilities and structures that suffered damage due to Hurricane María will be rebuilt with an obligation approved by the Federal Emergency Management Agency (FEMA). The federal share of more than $554 million to the Puerto Rico Public Housing Administration is in addition to another $109 million […]
Given the labor shortage caused by the coronavirus pandemic, Aerostar Puerto Rico, together with the businesses established at the Luis Muñoz Marín International Airport, will hold a job fair Feb. 1-2, seeking to recruit more than 450 new employees. The hiring event will take place on the second level of Terminal D, near the airport […]
Fundación Triple-S announced it will support six initiatives that work with different low-income vulnerable populations, who live alone, have chronic conditions, and need support with food security and emotional wellbeing. Fundación Triple-S is investing approximately $150,000 and will be channeled through a group of non-governmental organizations (NGOs) that have experience in addressing social problems in […]
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